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TDUX
Sep 28 - 07:55 PM
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AUD/USD - Steadies With Stage Set For RBA Hike

By James Connell  —  Sep 28 - 05:41 PM

• AUD/USD flat wtd as investors adjust positions in lead up to RBA decision

• Meeting outcome due 0430 GMT, 25 bps hike widely anticipated, statement key

• AU Aug household spending data also due at 0130 GMT Tue, prior +1.1% m/m

• AU Aug CPI update due Wed, Reuters poll consensus +0.5% m/m, +4.1% y/y

• Brent crude $105.90 a barrel, Gold down 4.0% as Fed rate hike bets firm

• AUD targeting 0.6920 support zone as potential for bigger downswing builds

• Overnight range 0.70075-39 support 0.6920 0.6865, resistance 0.7282 0.7661
AUD Daily 21/55/100-DMA


Gold Daily 21-DMA


(James Connell is a Reuters market analyst. The views expressed are his own.)

Source:
London Stock Exchange Group | Thomson Reuters

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